Who we are

NCDEX e-Markets Limited (NeML, Formerly
NCDEX Spot Exchange-NSPOT) is the leading Indian electronic web
based, online, commodities spot market and services company. It
combines best features of financial markets and spot markets.

Incorporated in October 18 2006, NeML is a wholly owned
subsidiary of NCDEX (majority owned by LIC, NABARD, IFFCO, PNB,
Canara Bank, NSE). NCDEX is India's largest Agricultural commodity
exchange with more than 90% market share.

With a national presence, the company has pioneered
breakthrough initiatives like Mandi Modernization Program (MMP),
e-Pledge, and e-marketing.

NeML works closely with its ecosystem partners to create
efficient commodity markets its market and services. E-marketing
facilitates buyers and sellers enhance their buying and selling
efficiencies leveraging its trading platform. The company helps in
financial inclusion by facilitating credit to smallholders against
commodities stored in NeML and Bank approved warehouses using its
unique e-pledge mechanism. In the process NeML helps in leveraging
market and in the process help 1. Farmers make more money and 2.
Help discerning consumers get supplies on time.

MMP envisions to transform the regulated,
fragmented Indian Agricultural markets, popularly known as APMC
Markets/ Mandi into a single unified agricultural market
leveraging its Unified Market Platform (UMP). It uses "one state
one market" as the building block to achieve this vision. Since
MMP made a beginning in the state of Karnataka, the model is
widely recognized as the "Karnataka model" by various government
and government entities. Impressed by the work done, central
government has adopted the principles as National Agriculture
Market (NAM).

E-pledge helps in Financial Inclusion

To help farmers and processor get easy access to finance NeML has
started the electronic pledging of commodities deposited in the
market accredited warehouses. NeML acts as facilitator to bring
the warehouses, banks and clients under one electronic platform
through its COMLIVE® system. In its brief existence commodities
worth Rs. 2150 Cr has been financed using e-Pledge with seven
banks.

NeML facilitates Farmer Producer Organizations
(FPOs)

NeML facilitates FPOs in buying / selling
of the farmers' produce using its trading platform. NeML has
worked with more than 60 FPOs benefitting more than 28000 farmers
in the states of Maharashtra, Gujarat, Rajasthan, Karnataka,
Andhra Pradesh and Madhya Pradesh. It works closely with the
institutions like Small Farms Agri Business Consortium (SFAC) and
Mother Dairy to help FPOs transaction.